GBP/USD Intraday: The upside prevails
|EUR/USD
Further advance.
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Pivot (invalidation): 1.1250
Our preference
Long positions above 1.1250 with targets at 1.1280 & 1.1300 in extension.
Alternative scenario
Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets.
Comment
The RSI advocates for further upside.
GBP/USD
The upside prevails.
Pivot (invalidation): 1.2495
Our preference
Long positions above 1.2495 with targets at 1.2540 & 1.2560 in extension.
Alternative scenario
Below 1.2495 look for further downside with 1.2480 & 1.2460 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/JPY
Under pressure.
Pivot (invalidation): 108.20
Our preference
Short positions below 108.20 with targets at 107.65 & 107.50 in extension.
Alternative scenario
Above 108.20 look for further upside with 108.35 & 108.50 as targets.
Comment
The RSI has broken down its 30 level.
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